Daily Derivative Report - 10th August 2026 by Religare Broking Ltd
Market Outlook
The Indian market witnessed a range-bound yet volatile trading session during the last week amid the newly implemented CAS mechanism. The Nifty index opened the week on a positive note with a gap-up opening but failed to witness significant follow-through and eventually settled near the opening levels, registering a weekly gain of 0.77%. The banking index mirrored the broader market trend and concluded the week with a gain of 0.84%. On the derivatives front, significant put writing at the 24,500 strike established an immediate base, while the 24,700–24,800 zone remained an immediate hurdle. Overall, a gradual up move towards the 25,000 mark remains possible in the coming sessions, as long as Nifty sustains above 24,500.
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